Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Anyone buying Chinese-based debt is likely rolling the dice and hoping for the best (given the nature of PRC markets and governments) imho. I wouldn't touch it with a bargepole.
I think the next few weeks will be very interesting -- much of the drama will be coming out of DC and i suspect the markets will 'look' for a reason to pull back ... debt ceiling, BIF, reconciliation, gridlock, pandemic, Fed taper timeline, etc, et…
Some of those top holdings are just the companies I love to hate. Crap. But I can't pull out now.
“… for those … who might be wondering, if you put a dollar into the S&P, 41 cents goes toward Apple, Microsoft, Google, Amazon, and Facebook, w…
I used to invested with Mr. Hasenstab but the fund has been lagging the global bond category consistently for a long time. Many oversea bonds pay very little in dividends. Some are in negative yield as a result of QE !
If memory serves, I felt h…
Same here - I had TGBAX and GIM off and on over the years but not held any of them in quite a long time. Just goes to show that even darling fund managers aren't forever regardless of who likes them .... which is a reality of life totally lost on t…
But FIDO hopes you've at least thought about an exit strategy. I consider this thoughtful of them.
One may imagine the message you would have received from a RobinHood account.
"Don't you want to buy some more?" "You call yourself an investor?" …
Not to cast aspersions, and remember I also hold a large PRWCX position, but it's also worth remembering such OEF reports are, annoyingly, usually at least 2 months old by the time they come out.
I've had one taxfree OEF reinvesting on itself since the 1980s when I was a teenager. I've got several AF's that I've held nonstop since mid-2006. I've got some stocks that I've held since 1996 ... and one stock position that's inherited that was …
Rforno, what is the effective date of the revised fees structure you mentioned? Every place on the TDA site I looked it still shows the old pricing. I also checked Standard Retail Pricing: Commissions and Fees document revised 08/21 - TDA 4075 F …
Every PM who acheives short-term rock star status and becomes a media darling whose every utterance & move is covered on page one of the financial infotainment world is due to crash sooner or later. Bill Gross, Rob Arnott, Michael Hassenstaab…
Wouldn't touch it with someone else's money!
FWIW saying I heard their pre-IPO 'roadshow' presentation to investors was a joke and omitted certain necessarly elements .... plus I understand the founders (or their parent company) aren't properly reg…
I'd say the current skew is more growth based on its current Top 10...
Month-end ten largest holdings
as of 06/30/2021
Alphabet Inc.
Microsoft Corp.
Facebook Inc.
Charles Schwab Corp.
Apple Inc.
JPMorgan Chase & Co.
McDonald's Corp.
…
@rforno, did you see the rest of the S&P 500 playing catch up. From your chart they look as though they have not even made it back to Jan2020 levels. Also, I believe historically the "Top Ten" stocks have regularly out performed the "Bottom 490"…
Take them out of the S&P and see what the rest of the 'market' (er, index) has returned....or not.
https://www.thestreet.com/trends/news/heres-what-the-s-p-500-looks-like-in-2020-without-big-tech
For the loves of all that's holy, this is not a fund worth investing in and paying 2% ER for the privilege. It currently ONLY holds a 60/40 split between the Vanguard 500 ETF and ProShares UltraPro S&P500 .... pretty much any investor could do …
Not touching bonds of any sort directly. I have no need to, and besides, the past several years even sound companies have levered themselves to the gills in the era of cheap money...
I was for a few years, but cut it lose in 2019 or 2020 as part of a portfolio redo. I liked the holdings but was surprised BA was still (at the time) the #1 or 2 holding - not sure where it is now, but that company is hurting and IMO shouldn't be …
I like RPGAX too. I believe the Blackstone investment serves as a hedge against black swan events as in March 2020. Other than cash all asset classes fell in that time period. A few rebounded quickly and the others followed after the Fed intervened…
I have no compelling reason to make any moves out of the ordinary, but if I am doing anything, I'm looking to buy stuff if/when they go on-sale enough and/or as I deem opportune.
A few more days like this and I'd definitely be leaning more towards …
The recording will be available in a few days they said.
It was 30m and pretty much reiterated the existing press release and FAQs. Emphasis on Parnassus remaning independent in terms of investment management and lots of giddy talk about being 'ex…
Parnassus webinar next Wednesday if anyone's interested...
https://parnassus.zoom.us/webinar/register/WN_A4yHk4IkSxyz_EtxUGtngQ
Hmm. Characterized as a "strategic partnership."
I interpret that as typical verbiage for how AMG assimilates things …
@MSF, thanks for that updated info. That doesn't sound very reassuring, and I wonder what that bodes for Parnassus and their shareholders down the road.
Well, as long as the new parent doesn't muck with the funds they acquire, I'll rest easy....which it sounds like will/should be the case. If not, I'll be out of there even though PRILX has been fantastic.
JFC. As someone with large holdings in PRILX, you'd think they would tell shareholders of this, but instead we find out from the media. Sigh....
Any thoughts on AMG as a fund shop? I'm not too familiar with them.
@rforno- I can't seem to find a listing for VTLAF anywhere...
It's IVOL.
Sorry, I was abbreviating 'Volatile as f---k' in that post as a snarky play on its name. ;)
+1 Just the name: Simplify Interest Rate Hedge! Probably should have used a term like strategic, quantitative, analytical, research, quantum. Near a 52 week low for this fund, which probably means nothing, since the fund managers don't know anythin…
Seems really dangerous and a path towards potential employee lawsuits against 401k plan sponsors and administrators.
If it's just an option, I don't get how you can file a lawsuit. Complete BS if you ask me. Just make it clear that it is a high ris…
